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JPMorgan Global Emerg Mkts (LON:JEMI) Stock Price Passes Above 50-Day Moving Average - Here's What Happened

JPMorgan Global Emerg Mkts logo with Financial Services background

JPMorgan Global Emerg Mkts Inc (LON:JEMI - Get Free Report)'s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 133.50 ($1.73) and traded as high as GBX 136 ($1.76). JPMorgan Global Emerg Mkts shares last traded at GBX 133.50 ($1.73), with a volume of 477,611 shares trading hands.

JPMorgan Global Emerg Mkts Stock Up 0.8 %

The firm has a 50-day moving average of GBX 133.47 and a two-hundred day moving average of GBX 134.12. The stock has a market capitalization of £395.03 million and a price-to-earnings ratio of -3,337.50.

JPMorgan Global Emerg Mkts Increases Dividend

The business also recently declared a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 12th were issued a dividend of GBX 2.40 ($0.03) per share. This is a boost from JPMorgan Global Emerg Mkts's previous dividend of $1.00. This represents a dividend yield of 1.83%. The ex-dividend date was Thursday, September 12th. JPMorgan Global Emerg Mkts's payout ratio is currently -12,500.00%.

Insider Activity at JPMorgan Global Emerg Mkts

In other news, insider Lucy Macdonald purchased 15,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of GBX 126 ($1.63) per share, with a total value of £18,900 ($24,510.44). Insiders own 3.65% of the company's stock.

About JPMorgan Global Emerg Mkts

(Get Free Report)

JPMorgan Global Emerging Markets Income Trust plc is a closed-ended equity mutual fund launched and managed by JPMorgan Funds Limited. It is co-managed by JPMorgan Asset Management (UK) Limited. The fund invests in the public equity markets of emerging market countries across the globe. It seeks to invest in stocks of companies operating across diversified sectors.

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